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Amidst a major push for expansion of the suburban Mumbai rail networkin the Union Budget, the government today informed Parliament that thenational transporter has incurred a loss of more than Rs 4,000 crore inthe last three years in running the Mumbai locals.

The first Budget since demonetisation has been a careful exercise by Finance Minister Arun Jaitley. It caters to the core constituency - farmers and lower income people - while not introducing anything that hurt industry.

At the domestic front, even as things seem to stabilize post the demonetization drive, the long term effect is yet to play out. While time will eventually show the true impact, we need to continue taking enabling steps to move further ahead on the path of inclusive growth.

Gross Budgetary Support (GBS) of Rs Rs 40,000 crore was announced in the 2015-16 Rail Budget. However, the Finance Ministry for the current year had slashed it to Rs 28,000 crore, citing slow spending pace.

Recent tourism statistics reveal that both domestic and foreign tourism are on a robust growth path. India's rising middle class and increasing disposable incomes have also contributed to this continued growth in domestic and outbound tourism.

As per the Rail Budget 2016, the freight revenue of the railways hit a five-year low in 2015-16. Revenue in 2015-16 increased 4.6 per cent, much lower than the 10-19 per cent growth it had registered in the previous four fiscal years.